Hong Kong sees growth chances as China pushes dual-circulation model

Sophia Chong, executive director of the Trade Development Council, outlined how China's dual-circulation strategy—emphasising internal demand while still engaging global markets—opens significant prospects for Hong Kong enterprises. With the 15th Five-Year Plan steering the economy toward consumption, mainland consumers are increasingly seeking quality products and brand stories, a niche where Hong Kong firms excel in safety and standards.

Chong pointed to the world’s largest online market, which has reached a total scale of 23.8 trillion yuan in the past five years, and advised local online retailers to ready themselves for fierce competition. The TDC’s E-Commerce Express programme aims to help small and medium-sized companies boost cross-border sales, while Hong Kong’s finance, legal and infrastructure expertise can support mainland firms expanding abroad. A new TDC office in Egypt will also link Hong Kong to North African markets, reinforcing the external-circulation component of the policy.